So, if I give you some context to where we're at with the eliminating of profit agenda, I think it's got to be seen in the context of the wider transformation ambitions, and part of that is the need to encourage more foster carers to come into the system, because whereas, for some children, residential care is exactly the right solution, for many others, foster care would be the perfect solution, but, where it doesn't exist, then those children may go to a residential care home. And I think the other thing is the principle of removing profit from children's care homes seems to be widely accepted, partly because the current position doesn't seem to be sustainable. But, if I give you some numbers, I think it explains the scale of the task. So, as of 31 December, two weeks ago, we've currently got 339 care homes for children—that's 1,196 places—but, of those, 255 are for profit, that's 915 places, and 84 are not for profit, that's 281. This year, from April until the end of the year, we registered 34 new services, but, interestingly, again, the majority were for profit, 26, and eight were not for profit.
As we've looked back over the last four years, in 2022, 19 per cent of our care homes in Wales were not for profit, and then, in 2023, the position was exactly the same, we had more care homes, but the proportion was still 19 per cent. We suspect it's because people thought this change was never going to happen. But what we've seen recently is, as of the end of 2024, we were up to 23.5 per cent of children's care homes being not for profit, but, interestingly, at the end of the year, on 31 December, 33 per cent of children's homes were not for profit. That's largely because of the significant investment local authorities have made and the increased number.
I think we would be concerned if the transitional arrangements didn't exist as they do now. As you know, from 1 April 2026, we will not be able to register a care home or a secure accommodation or fostering service that's for profit, so we cannot register. As from 1 April 2027, a not-for-profit service won't be able to expand. Originally, the transitional arrangement started in 2027, which would mean we'd have another two years to change the balance between for profit and not for-profit. We welcome the extension to 2030, because from 2030, no new placements of a child in Wales will be able to be made to a for-profit provider unless there's ministerial consent, and, similarly, there are plans to prevent any child from England being placed in a for-profit.
I think what we welcome, Vaughan, is that there's no hard cliff edge, because our concern was, for a child, this is their home. If a child is settled and stable, to dislocate that would be very difficult, but there is no need now to move children, because the transitional provisions allow the fact that there is no hard cliff edge. We welcome that, because I think we would all want to ensure that children have as little disruption as possible.